RA 10693 which was enacted on November 3, 2015 provides for a preferential tax rate of two percent (2%) to duly registered and accredited Microfinance nongovernmental organizations (NGOs) on their gross receipts from microfinance operations in lieu of all national taxes.
The preferential tax treatment shall be accorded only to NGOs whose primary purpose is microfinance and only on their microfinance operations catering to the poor and low-income individuals in alignment with the main goal of this Act to alleviate poverty. The non-microfinance activities of Microfinance NGOs shall be subject to all applicable regular taxes.
+++++++++++++++++++++++++++++++++++++++++
MARKET ISSUES
[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...
-
There was a fraud case where some group of people tried to sell forestland under Certificates of Stewardship Contracts (CSCs) by means of ...
-
1. Other Businessmen Business Summary AMA Institute of Computer Studies (AMA) It has around 200 campuses...
-
1. Company Information Company Name Rufino Group / NET group Ownership Rufino Family ...
-
It's a privately held company. 1. Company Information Company Name Mercury Group of Companies, Inc ...
-
PCC is formed to implement RA 10667 as a quasi-judicial body. I think almost all countries have this kind of authority. Since it's forme...
-
This posting may contain out of date contents. For the updated or exact information, you should check edge.pse.com.ph or their official webs...
-
It runs premium casual dining brands like Italianni’s and TGIFriday’s in the Philippines more than 20 years ago. It has 18 concepts and 7...